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(CGNX) Cognex Corporation complete technical analysis [charts+indicators] | Buy/Sell Cognex Corporation | (CGNX) share price targets

Complete technical analysis of Cognex Corporation (CGNX) by charts plus indicators, forecast predictions and share price targets for Cognex Corporation (CGNX)

Cognex Corporation trades in USA in Capital Goods sector.

Showing technical analysis as on 2024-02-08 View latest technical analysis

10 day averaged volume of Cognex Corporation is 1416100

Date	Daily Closing Price	Open	High	Low	Volume
08 Thu Feb 2024	36.04	35.59	36.51	35.58	2.464 times
07 Wed Feb 2024	35.70	35.64	36.16	35.52	1.229 times
06 Tue Feb 2024	35.36	35.28	35.77	34.79	2.272 times
05 Mon Feb 2024	35.31	36.40	36.40	35.18	1.253 times
02 Fri Feb 2024	36.79	36.20	36.96	35.96	0.663 times
01 Thu Feb 2024	36.58	36.37	36.70	35.86	0.731 times
31 Wed Jan 2024	36.14	37.11	37.31	36.00	0.77 times
30 Tue Jan 2024	37.33	37.83	38.10	37.29	0.768 times
29 Mon Jan 2024	37.97	37.58	37.98	37.18	0.774 times
26 Fri Jan 2024	37.77	37.86	38.13	37.43	0.691 times

Stock of Cognex Corporation (CGNX) has showed a significant upmove. This could be a good time to enter in this stock!

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 36.2, but if it comes above 36.2, then a intra day buy could be more profitable.
If you take a sell trade below 36.2, then use 36.2 as stoploss and 35 as target. However if you take a buy trade in stock , then use 36.2 as stoploss and 37.25 as target.

Share price targets for Cognex Corporation (CGNX)

Target Type	Value
Downside Target	34.28
Downside Target	35.86
Upside Target	37.85
Upside Target	38.10
Upside Target	38.39
Upside Target	38.51
Upside Target	39.12
Upside Target	39.72
Upside Target	41.34
Upside Target	42.82
Upside Target	42.95

Intraday share price targets for Cognex Corporation (CGNX)

Target Type	Value
Downside Intraday Target	35.05
Downside Intraday Target	34.06
Upside Intraday Target	36.77
Upside Intraday Target	37.5
Downside Intraday Target	35.78

Weekly technical analysis of Cognex Corporation (CGNX)

Date	Weekly Closing Price	Open	High	Low	Volume
08 Thu Feb 2024	36.04	36.40	36.51	34.79	1.948 times
02 Fri Feb 2024	36.79	37.58	38.10	35.86	0.932 times
26 Fri Jan 2024	37.77	38.19	39.12	37.43	1.155 times
19 Fri Jan 2024	37.64	37.66	38.39	36.64	4.9 times
12 Fri Jan 2024	38.08	39.30	39.72	37.85	0.157 times

Price has moved down this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Cognex Corporation (CGNX)

Date	Monthly Closing Price	Open	High	Low	Volume
08 Thu Feb 2024	36.04	36.37	36.96	34.79	0.446 times
31 Wed Jan 2024	36.14	41.24	41.34	36.00	1.077 times
29 Fri Dec 2023	41.74	37.56	42.82	37.21	0.75 times
30 Thu Nov 2023	37.70	35.86	38.51	34.28	1.336 times

Scroll below to view daily charts

Price has moved down this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Cognex Corporation (CGNX)

Price action analysis of Cognex Corporation ( (CGNX) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Cognex Corporation ( (CGNX) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Cognex Corporation ( (CGNX) ) based on a short to mid term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Cognex Corporation ( (CGNX) ) based on a mid to longer term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

ADX buy sell signal for Cognex Corporation stock for short term is SELL. Signal strength is Strong and stock is losing momentum.

MACD generated a SELL signal for Cognex Corporation in short term and the sell signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Cognex Corporation Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be moving up

CCI has generated a buy signal for Cognex Corporation in short term but BUY signal is weak.

RSI is generating a SELL signal in short term and selling is picking up momentum.

MRSI is in negative zone. This is the SELL zone

Stock of Cognex Corporation is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 36.19 and Cognex Corporation (CGNX) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

People seem to be coming out and selling the Cognex Corporation (CGNX) stock. Volume based technical analysis of Cognex Corporation (CGNX) stock is negative.

Cognex Corporation Stock has given negative returns over a short term period. Returns for a longer term period have been negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.